So this pair is likely destined to bounce around within that range outlined in your vid for a while. Interesting, I must admit I normally don’t look at time-frames as lengthy as you did at the start (monthly), but they do provide some needed perspective about where the pair currently sits. For me this pair has become fairly unpredictable and very dependent on individual events (FOMC etc.).
So this pair is likely destined to bounce around within that range outlined in your vid for a while. Interesting, I must admit I normally don’t look at time-frames as lengthy as you did at the start (monthly), but they do provide some needed perspective about where the pair currently sits. For me this pair has become fairly unpredictable and very dependent on individual events (FOMC etc.).
Thanks for the comment. As always, trade what you see and what you feel comfortable with… plenty of charts to focus on 😉